05
Oct
14:40
SSAB announces investment in European tube production
SSAB Europe tells Kallanish that it intends to make major investments to improve the efficiency of its tube production over 2019-2020. As part of this move, the steelmaker will re-organise its tube business in Finland.
The company will invest SEK 300 million ($33.1m) over a two-year period it says. The tube business will be centralised to secure long-term competitiveness. As part of the re-structuring, the Lappohja tube mill in Finland will be closed by the end …
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